US investment bank Jefferies is projecting triple-digit increases in earnings estimates for the three big container liner companies under its coverage for full-year 2024, while downplaying the likelihood that route disruptions in the Red Sea will be unwound soon.
In a client note released on Thursday, lead shipping analyst Omar Nokta increased earnings-per-share figures for German liner operator Hapag-Lloyd by 176%, for Denmark’s AP Moller-Maersk by 102% and for Israeli peer Zim by 96%.
